<SEC-DOCUMENT>0001752724-22-052859.txt : 20220301
<SEC-HEADER>0001752724-22-052859.hdr.sgml : 20220301
<ACCEPTANCE-DATETIME>20220301105321
ACCESSION NUMBER:		0001752724-22-052859
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220301
PERIOD START:           	20211231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO Natural Resources, Gold & Income Trust
		CENTRAL INDEX KEY:			0001438893
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22216
		FILM NUMBER:		22695082

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		914-921-5100

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GAMCO Natural Resources, Gold & Income Trust by Gabelli
		DATE OF NAME CHANGE:	20120106

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Natural Resources, Gold & Income Trust
		DATE OF NAME CHANGE:	20080717

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Gold & Income Trust
		DATE OF NAME CHANGE:	20080630
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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        <name>SCOTIA CAPITAL (USA) INC.</name>
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        <name>SCOTIA CAPITAL (USA) INC.</name>
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        <name>JEFFERIES GROUP LLC</name>
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        <name>Equinox Gold Corp</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <name>Alamos Gold Inc</name>
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        <name>SOCIETE GENERALE</name>
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        <name>UBS SECURITIES LLC</name>
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        <name>NEW YORK STOCK EXCHANGE</name>
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        <name>NEW YORK STOCK EXCHANGE</name>
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        <name>CANTOR FITZGERALD &amp; CO.</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <fairValLevel>1</fairValLevel>
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            <delta>XXXX</delta>
            <unrealizedAppr>8582.70000000</unrealizedAppr>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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          <other otherDesc="INTERNAL" value="ES9379776"/>
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        <valUSD>-14023.18000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>JPMORGAN CHASE &amp; CO.</counterpartyName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-5653.75000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PRETIUM RESOURCES INC</name>
        <lei>N/A</lei>
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          <other otherDesc="SEDOL" value="BDRJD12"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Pretium Resources Inc</name>
              <title>Pretium Resources Inc</title>
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                <ticker value="PVG"/>
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            <currencyInfo convRatio="62.50000000" curCd="USD"/>
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          <delta>XXXX</delta>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS INC.</name>
        <lei>MBNUM2BPBDO7JBLYG310</lei>
        <title>SCHLUMBERGER NV</title>
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          <other otherDesc="INTERNAL" value="ES9584005"/>
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        <balance>-130.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>CITIGROUP GLOBAL MARKETS INC.</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Schlumberger NV</issuerName>
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                  <cusip value="806857108"/>
                  <isin value="AN8068571086"/>
                  <ticker value="SLB"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>32.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-02-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>3481.75000000</unrealizedAppr>
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      <invstOrSec>
        <name>NBF SECURITIES UK</name>
        <lei>N/A</lei>
        <title>CNH INDUSTRIAL NV</title>
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        <identifiers>
          <other otherDesc="INTERNAL" value="ES9436105"/>
        </identifiers>
        <balance>-350.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-112481.92000000</valUSD>
        <pctVal>-0.09836908497</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>NBF SECURITIES UK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>CNH Industrial NV</issuerName>
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                  <isin value="NL0010545661"/>
                  <ticker value="CNHI"/>
                  <other otherDesc="SEDOL" value="BDX85Z1"/>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2022-02-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-60344.07000000</unrealizedAppr>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Halliburton Co</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>Halliburton Co</title>
        <cusip>406216101</cusip>
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          <isin value="US4062161017"/>
          <ticker value="HAL"/>
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        <balance>30500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>697535.00000000</valUSD>
        <pctVal>0.610016967060</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NEW YORK STOCK EXCHANGE</name>
        <lei>549300HIIRNTNKXV3M12</lei>
        <title>VANECK AGRIBUSINESS ETF</title>
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          <ticker value="MOO 1 P85"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG013M4RHN7"/>
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        <balance>-50.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1250.00000000</valUSD>
        <pctVal>-0.00109316551</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>NEW YORK STOCK EXCHANGE</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2022-01-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2228.91000000</unrealizedAppr>
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        <securityLending>
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      <invstOrSec>
        <name>Eldorado Gold Corp</name>
        <lei>5493004PWQ01YDD1IH62</lei>
        <title>Eldorado Gold Corp</title>
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          <ticker value="EGO"/>
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        <balance>96500.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NEW YORK STOCK EXCHANGE</name>
        <lei>549300HIIRNTNKXV3M12</lei>
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          <other otherDesc="ID_BB_GLOBAL" value="BBG0143RHFV1"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FBN SECURITIES, INC.</name>
        <lei>549300IZFVXL9ZPJFM37</lei>
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      <invstOrSec>
        <name>Hochschild Mining PLC</name>
        <lei>549300JK10TVQ3CCJQ89</lei>
        <title>Hochschild Mining PLC</title>
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        <securityLending>
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      <invstOrSec>
        <name>MKM PARTNERS LLC</name>
        <lei>25490041O5W104HFWA62</lei>
        <title>KINDER MORGAN INC</title>
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        <valUSD>-213.21000000</valUSD>
        <pctVal>-0.00018645905</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>18.00000000</exercisePrice>
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            <unrealizedAppr>7481.02000000</unrealizedAppr>
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      <invstOrSec>
        <name>Evolution Mining Ltd</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>Evolution Mining Ltd</title>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912796M97</cusip>
        <identifiers>
          <isin value="US912796M978"/>
          <other otherDesc="SEDOL" value="BLHM447"/>
        </identifiers>
        <balance>515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>514964.59000000</valUSD>
        <pctVal>0.450353225766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TotalEnergies SE</title>
        <cusip>89151E109</cusip>
        <identifiers>
          <isin value="US89151E1091"/>
          <ticker value="TTE"/>
        </identifiers>
        <balance>44000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2176240.00000000</valUSD>
        <pctVal>1.903192419585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-02-28</ncom:dateSigned>
      <ncom:nameOfApplicant>GAMCO Natural Resources, Gold &amp; Income Trust</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
